The shares were sold through open market transactions on the stock exchanges.
CLSA Mauritius sold 33.54 lakh shares (amounting to 0.78%) of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore, according to information available with the stock exchanges.
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The foreign fund house also offloaded its entire stake of 1.28% or 26.27 lakh scrips of Essar Shipping to Leman Diversified Fund.
The shares were sold on an average price of Rs 21.25 aggregating to a deal size of Rs 5.58 crore, data showed.
As of December quarter, CLSA Mauritius held 52.54 lakh shares or 1.23% holding in Essar Ports.
At the BSE, shares of Essar Ports rose 0.24% to settle at Rs 85, while Essar Shipping scrips plunged by 6.46% to close at Rs 21.